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Vermogensbindung Im Aktienrecht
Contributor(s): Gross-Langenhoff, Martin (Author)
ISBN: 3848701073     ISBN-13: 9783848701070
Publisher: Nomos Verlagsgesellschaft
OUR PRICE:   $139.65  
Product Type: Hardcover
Language: German
Published: May 2013
Qty:
Temporarily out of stock - Will ship within 2 to 5 weeks
Additional Information
BISAC Categories:
- Law | Business & Financial
- Law | Commercial - General
Physical Information: 366 pages
 
Descriptions, Reviews, Etc.
Publisher Description:
The principle of capital preservation was first introduced in 1843 as a legal barrier to protect against the fraudulent looting of stock corporations in an era basically void of accounting regulation. Since then, the German statutory capital requirement has outlived its historic purpose and endured as an arcane but still valid impediment to capital formation. Today, this rigid regulation of, in many cases, unobjectionable transactions between shareholders and the corporation creates unnecessary legal pitfalls, particularly for foreign investors and international creditors, hidden in the otherwise business friendly and generally economic efficient German legal framework. Based upon an economic analysis of the current statutory framework, the author develops a policy proposal for a less invasive, market-based governance system.